SEOUL, Jul. 23 (Korea Bizwire) — KG Mobility Corp. and Renault Korea Motors Co. are gearing up to release ambitious new midsize sport utility vehicle (SUV) models this year to tackle the popular family leisure car market segment dominated by local industry leaders Hyundai Motor Co. and Kia Corp. KG Mobility, formerly known as Ssangyong [...]
SEOUL, July 22 (Korea Bizwire) – Korean Air Co. said Monday that it has signed a memorandum of understanding with Boeing to buy up to 50 airplanes, including 20 777-9s, in a bid to upgrade its fleet. Under the deal valued at roughly 30 trillion won (US$21.6 billion), Korean Air, the country’s largest flag carrier, [...]
SEOUL, Jul. 22 (Korea Bizwire) — Korea Air Co., South Korea’s leading air carrier, said Monday it has received its first 787-10 Dreamliner passenger jet from Boeing Co. and will launch its inaugural flight this week. The full service carrier said it will introduce the next-generation, eco-friendly passenger jet in its route connecting Incheon International [...]
SEOUL, Jul. 22 (Korea Bizwire) — The number of international passengers on domestic low-cost carriers (LCCs) surpassed that of full-service carriers, such as Korean Air Co. and Asiana Airlines Inc., as well as foreign airlines during the first half of the year, industry data showed Monday. According to data from the Ministry of Land, Infrastructure [...]
SEOUL, July 20(Korea Bizwire) – The number of international passengers traveling via Incheon International Airport has leaped nearly 40 percent in the first half of 2024 from a year earlier, the airport’s operator said Friday. A total of around 34 million passengers traveled on international flights at Incheon International Airport in the first half, up [...]
SEOUL, Jul. 19 (Korea Bizwire) – Hyundai Mobis, a leading automotive supplier, announced on July 18 that it has developed the world’s first airbags specifically designed for Purpose-Built Vehicles (PBVs), addressing the unique safety challenges presented by these versatile and spacious vehicles. The company has introduced two innovative airbag designs: a door-mounted curtain airbag and a [...]
GOYANG, Jul. 18 (Korea Bizwire) – The city of Goyang, a suburb of Seoul located in Gyeonggi Province, is emerging as a frontrunner in the development of Urban Air Mobility (UAM) infrastructure, potentially ushering in a new era of “30-minute travel times” across the Seoul metropolitan area. According to a recent report by the Goyang Policy [...]
SEOUL, Jul. 18 (Korea Bizwire) – In a significant shift in South Korea’s electric bus market, domestically produced vehicles have captured nearly 60% of new registrations in the first half of 2024, marking a pause in the rapid expansion of Chinese electric buses in the country. According to data released on July 17 by the Ministry [...]
SEOUL, Jul. 18 (Korea Bizwire) – Samsung Electronics and Tesla have officially rolled out their jointly developed energy management service, marking a significant step in smart home technology integration. As of late last month, Tesla users in the United States can now utilize Samsung’s SmartThings Energy platform to monitor their Tesla solar panel power production, remaining [...]
SEOUL, Jul. 17 (Korea Bizwire) — The government is taking administrative action against Saudi Arabian airline Saudia for suspending its direct flights to South Korea without permission from aviation authorities, according to officials Wednesday. The Ministry of Land, Infrastructure and Transport issued a prior notice of administrative measure to Saudia on Monday. Saudia has been [...]